Get the latest tech news
Kodak denies it’s shutting down amid media reports of financial struggles
Kodak strikes back at media reports suggesting it may go out of business or file for bankruptcy (again).
On Wednesday, media outlets like CNN and CNBC detailed the company’s ongoing financial challenges, including statements made in its earnings report that warned investors it didn’t have “committed financing or available liquidity” to meet debt obligations coming due within 12 months. However, Kodak quickly published a press release to counter these claims, noting it has “no plans to cease operations” or file for bankruptcy protection. In recent years, however, some Gen Z users have embracedolder tech, like compact cameras and dumb phones, as a way to tap into nostalgia for a time they never got to experience.
Or read this on TechCrunch
